1. This replication package includes 5 do files
2. "asset_prices.do" and "aggregate_trend.do" creates the graphs and tables in the stylized fact section
3. "flow_nav_day_level.do" creates graphs and tables for the outflow analysis
4. "security_fund_month.do" creates graphs and tables for the fund-level analysis of the liquidity management practice
5. "return_security_day_level" creates graphs and tables for the security-level analysis of the price impacts of the flows.
6. "data" folder contains the public data from Flow of Funds and FRED.  
7. The licenced data are not provided due to the licencing restrictions. Instead, the first 100 observations of merged dataset are provided to understand the structure of the code, per the code sharing policy.
